Procurement Analyst

2 days ago

Bengaluru, India Livspace Full time
We are seeking a highly motivated and detail-oriented Procurement Lead to join our startup, an online marketplace for home interior design services. The ideal candidate should have a strong background in procure-to-pay processes, along with proficiency in Excel and Google Sheets. In this role, you will manage the procurement process end-to-end, from sourcing and selecting suppliers to ensuring smooth operations. A key focus will be on strong analytical skills, including procurement analysis, data cleaning, dashboard creation, and advanced procurement analytics.
Preferred candidate profile
- Support senior buyers and category managers by analyzing procurement data and creating structured summaries to drive key sourcing decisions.
- Develop and implement procurement strategies to ensure timely and cost-effective sourcing of goods and services.
- Collect and structure unorganized vendor and market data into logical formats for decision-making on rate cards, vendor selection, and service agreements.
- Conduct benchmarking of vendors on key criteria such as cost, SLA, location-wise performance, asset ownership, and compliance.
- Manage the procure-to-pay (P2P) process, including PR-to-PO conversion, invoice processing, and payment reconciliation.
- Collaborate with cross-functional teams (Marketing, IT, CAPEX, and OPEX functions) to understand and address category-specific procurement needs.
- Build and maintain a strong supplier base through regular evaluation, performance tracking, and improvement initiatives.
- Ensure accurate documentation of procurement activities, including contracts, rate cards, POs, and invoices.
- Monitor procurement performance metrics and generate data-driven insights to improve efficiency and reduce costs.
- Work with the Finance team to support procurement budgeting, forecasting, and spend optimization efforts.
- Identify cost-saving opportunities through historical spend analysis, vendor rationalization, and negotiation support.
- Use Excel and Google Sheets proficiently for data cleaning, dash boarding, and advanced procurement analytics.

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